An empty city for sale

If we needed any further confirmation that China is the champion builder of sprawl in this decade (sorry America, you don’t even come close against things like Dubai Marina), this reporter traveled to an entire city built by developers in Inner Mongolia, that, it turns out, no one wants to move to because there is no economy there, as compared to the traditional city down the road.

The economic dimension problem of sprawl building is shown here as evidently as it can be shown.

Thanks epar, but economists have always been interested in self-organizing systems. The best they could come up with to explain the phenomena was a crude metaphor, “the invisible hand”. Then in the 20th century, some economists decided that self-organization was no science at all and invented macro-economics in order to produce equation models of government finance, with disastrous consequences.

The fact that macro-economists are embracing emergence simply means that they are giving up on macro-economics.